UK Data-Driven survey "Data-driven innovation forms a key pillar in 21st century sources of growth" - OECD I recently completed a survey of more than 1000 UK-based start-ups that were using data to create innovative products and services. Just over 500 of these firms could be said to be data-driven in that data was a core component of their business models. A detailed … [Read more...] about How UK Start-ups are building data-driven business models
Analysis
Best Practices for Building a Data-Driven Business Model
The phrase, "Data is the New Oil" is widely used but how are companies actually using data to create new and innovative business models? This post explores some of the ways data is being commercially exploited and explains what companies should do which are considering developing data-driven business models. Google and Facebook have shown how the data which flows across the … [Read more...] about Best Practices for Building a Data-Driven Business Model
Building a Data-Driven Business Model
Data-Driven Business Models Although we are awash with data, making money from it is not always straightforward. Low barriers to entry and the commoditization of many data sources mean that creating and then sustaining a profitable data-driven business model is a considerable challenge. My current research into the business models of over 500 startups and high-growth, … [Read more...] about Building a Data-Driven Business Model
Defending a Data-Driven Business Model
I'm in the middle of a research project looking into how startups in the UK and US are building businesses which have data at the heart of their business models. There is a lot of talk about how "data is the new oil"((The Economist, 2017. The world’s most valuable resource is no longer oil, but data. The Economist. [online] 6 May. Available at: … [Read more...] about Defending a Data-Driven Business Model
The IoT Hype Cycle
The IoT Hype Cycle We know that last year Gartner placed the IoT at the Peak of Inflated Expectations on its annual hype cycle chart. That is probably not too unfair. From there the only way is down to the Trough of Disillusionment. I was playing around with Google Trends this afternoon to see how this plays out in terms of what people are searching for. Several … [Read more...] about The IoT Hype Cycle